Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

Indonesian state-owned telco firm, Telekomunikasi Indonesia, has agreed to acquire 70 per cent stake in Malaysian satellite operator TS Global Network (TSGN) for 108.5 million ringgit ($26 million), a filing to the Indonesian Stock Exchange revealed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter